Northern Trust Corp boosted its position in shares of Masco Corp by 4.1% in the third quarter. Finally, Congress Asset Management Co.
Now insiders hold 5,012,910 shares in the business which makes up 1.57% of shares. Dearborn Partners LLC purchased a new position in shares of Masco Corp during the third quarter worth approximately $201,000. FMR LLC raised its position in Masco Corp by 9.5% in the fourth quarter. Earnings-per-share growth gives a good picture of the rate at which a company has grown its profitability per unit of equity. Stanley Laman Group Ltd. bought a new position in Masco Corp during the third quarter worth approximately $223,000.
Now the shares of Masco Corporation (MAS) has a trading volume of 8.22 Million shares, with an average trading volume of 3660 shares - with shares dropping to a 52 week low of $28.76, and the company's shares hitting a 52 week high of $ 37.04.
The last closing stock price represents a boost of 0.35% in price from company's fifty two-Week high price and indicates a 21.89% above from its 52-Week low price. Shares are trading 1.88% above their 50-day moving average, and 3.43% below their 200-day moving average. The company has PEG ratio of 1.14 and price to cash ratio of 9.41.
Over the past 50 days, Masco Corporation's stock is 1.19% off of the high and 14.24% removed from the low.
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Masco Corp (NYSE:MAS) last posted its earnings results on Thursday, February 9th. For the last period, the company reported quarter over quarter EPS growth of 32.50% and quarter over quarter sales growth of 2.60%. The business earned $1.78 billion during the quarter, compared to analyst estimates of $1.76 billion. However it has a net margin of 6.60%. The company reported the earnings of $0.09/Share in the last quarter where the estimated EPS by analysts was $0.03/share. Investors might consider the stock as a long term growth candidate as the firm has yielded 25.30% earnings per share growth over the past 5 years and -0.30% revenue growth over that same time frame. On average, equities analysts expect that Masco Corp will post $1.87 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 8th. "Additionally, we returned over $120 million to shareholders through dividends and share repurchases in the quarter". The ex-dividend date of this dividend is Wednesday, April 12th. The P/E ratio was recorded at 23.80.The volatility in the previous week has experienced by 1.49% and observed of 1.62% in the previous month.92.50% ownership is held by institutional investors while insiders hold ownership of 0.40%.
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Several other brokerages also recently issued reports on MAS. Zacks Investment Research downgraded Masco Corp from a "hold" rating to a "sell" rating in a research report on Wednesday, April 12th. Finally, Instinet reaffirmed a "buy" rating on shares of Masco Corp in a report on Friday, April 14th. They issued a "buy" rating and a $39.00 price objective for the company. Barclays PLC initiated coverage on shares of Masco Corp in a research report on Thursday, January 5th.
In other Masco Corp news, VP Christopher K. Kastner sold 5,463 shares of Masco Corp stock in a transaction on Wednesday, March 8th. Beta value of the stock is marked at 1.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director J Michael Losh sold 2,084 shares of Masco Corp stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $33.89, for a total value of $66,051.61. Following the completion of the transaction, the director now owns 66,356 shares in the company, valued at approximately $2,291,936.24.
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